darshang.xyz

NeurochainAI Breakdown

Introduction

Socials References 🌍

• Twitter

• Website

• Litepaper

• Linkedin

• Medium

• Linktree

Sections of the newsletter

• Description ✍🏼

• Team 👷🏼‍♂️

• Funding & Support 💲

• Core Product Details & Experience ⚒️

• Community curation & engagement 🌐

• Degen details 💰

• Business model 🤑

• Utility & Benefits 🚀

• Post mint details 🛣️

• Key details / What do we like? 🎯

• What are we keeping an eye on? 👀

• Closing thoughts 💭

Description ✍🏼

• Building a decentralised AI-as-a-service model

• Neurochain AI accelerates and cost-reduces AI dApp development 24x faster and 5x cheaper with its decentralized AI-as-a-Service network, transforming AI application creation with ease and affordability.

• It promotes a community-driven AI development process, rewarding contributions with $NCN tokens, thereby democratizing AI through collaborative data curation, algorithm processing, and model validation.

Team 👷🏼‍♂️

• Got a team of almost 7 on LinkedIn.

• Led by CEO Julius Serenas

• Team has previously worked at Binance, Barclays, Gamestarter, OKX, Huobi, Bitget, HCL, Groupon, and NY Times

• Julius Serenas, founder/CEO with 20 years in infrastructure/cryptography, formerly CTO at Gamestarter.

• Dr. Paulius Tumas, CTO, specializes in AI research and computer science, key to Neurochain AI's tech.

• Backed by a diverse team of 20+ experts in science, analysis, and business, driving innovation and market alignment.

Funding & Parnterships 💲

• Over 50 gaming companies are using AI dApps, e.g., Dark Frontiers, Basketballverse, and Overtrip.

• They have allocated 17% of the token supply for future fund raising

• Allocating 1% of the total token supply for strategic advisors

Core Product Details & Experience ⚒️

• Centralized AI platforms like OpenAI and Google AI dominance causes innovation bottlenecks; escalating model demands urge a shift to harness global computing.

• It claims it is 24x faster and up to 5x cheaper than any other chain out there.

• They are trying to build a cooperative ecosystem among AI stakeholders, incentivizing community contributions, and facilitating business integration.

• The end goal for them is to become the largest AI dApp store

Community curation & engagement 🌐

• They recently started doing their collabs - got minimum visibility but might be targeting the top communities once again, since this is also a low supply + free mint.

• KOL round led by Mario Nawfal

Degen details 💰

• Name:

• Supply: 1,000

• Price: FREE

• Chain: TBA

• Date: TBA

Business Model 🤑

• They would not end up making anything from this mint - but it’s more focused on gathering hype and curating a loyal audience before their upcoming TGE launch.

• This would also help increase their distribution and reach, helping them maybe onboard more users on the platform who would want to end up using it for creating AI-based dApps.

• Lastly, also helps increase the community providing GPU power supply.

• ARR in 2023: $43k

• ARR for 2024: +$550k (estimated)

Utility & Benefits 🚀

• Opportunity for getting the $NCN airdrop, as you can see from their tokenomics almost 42% is reserved for the community, if this plays out well in the Alt Layer style, this can be a very juicy airdrop (not much is talked about on the vesting schedules)

• Early access to tools and features

• Voting rights

Post mint details 🛣️

• Post mint, I think the focus will shift completely to the marketing of the $NCN token itself.

• These NFTs can be thought of as the "early supporters" of the platform in a way.

Key details / What do we like? 🎯

• Again, a low supply free mint is always great.

• Minting this NFT can potentially be helpful to get an airdrop - the AI narrative has been going strong, and if the hype keeps up for the next few months, this should do well from an airdrop allocation POV.

• The team already has made some revenue in 2023 and also got 50+ teams already building on them.

What are we keeping an eye on? 👀

• This model is very tough to scale, especially from a supply side of it - where providing GPU services will be tough.

• They face some steep competition with bigger players, including Render and Akash already fighting it out head-on, with Fetch & Ocean also fighting for mindshare. It’s not going to be an easy ride.

• I’d love to see their benchmarking/stats versus the above players I mentioned.

Closing thoughts 💭

• I think since it’s a free mint, it should be a pretty straightforward play again.

• Only thing to keep in mind is that the duration + hype between the mint & TGE launch remains, and IF they allocate a portion of the 42% for the community to the holders of the NFT (even if this opens at a $50mn FDV - taking a very small 1% allocation overall of that 42%, it still gives almost $210 for free) - of course, these are very random calculations, but just finding out the risk vs reward ratio.